COVID Insurance – Is it good to have one?

Considering certain facts will prompt us buying it as an additional cover.

COVID Insurance is a low cost niche cover introduced by few insurers specific to corona virus infection. It is a fixed benefit policy, where a lump sum amount is paid if you are diagnosed positive to COVID.

Fixed Benefit: The benefit amount varies from Rs.21,000 to Rs.2,00,000 based on the respective insurers’ plans.

Other Benefits*: Each insurer extends additional benefits unique to each other.  Following are the types of additional benefits:

  • Daily Cash for 10 days. Double for ICU
  • You can choose to add your family members
  • Covers job loss during the quarantine period of 15 days
  • Health assistance and ambulance aid
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